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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Mike M who wrote (65267)	12/26/2000 5:21:23 PM
From: KevinMark	Read Replies (2) of 99985

If your waiting for new lows, just don't hold your breath. Shorts had their opportunity to get out today. It's going to get nasty for them during the next 2-3months. 1000 point rally minimum, before we turn back and retest. Look at some of the heavily shorted issues today, and you will see they had a TON of short-covering today. Saw a 2.5 million block buy on the QQQ's on Thursday. Don't think anyone would be investing that kind of $$$'s if there was a possibility of going lower. See you at the top! KM

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